Coca Cola Related Correlations

KO Stock  USD 61.18  0.15  0.25%   
Generate correlation matrix for Coca Cola and other related equities to check the degree to which The Coca Cola price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for The Coca Cola. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Coca Cola. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
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Is Coca Cola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca Cola. If investors know Coca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca Cola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
1.84
Earnings Share
2.47
Revenue Per Share
10.584
Quarterly Revenue Growth
0.072
The market value of Coca-Cola is measured differently than its book value, which is the value of Coca that is recorded on the company's balance sheet. Investors also form their own opinion of Coca Cola's value that differs from its market value or its book value, called intrinsic value, which is Coca Cola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca Cola's market value can be influenced by many factors that don't directly affect Coca Cola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coca Cola's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coca Cola is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca Cola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

UVV
WEST
LNZA
NWMH
SAM
VINE
AMBI
UVV
0.230.90.00.480.670.82
UVV
WEST
0.230.370.00.590.20.21
WEST
LNZA
0.90.370.00.660.80.81
LNZA
NWMH
0.00.00.00.00.00.0
NWMH
SAM
0.480.590.660.00.560.52
SAM
VINE
0.670.20.80.00.560.76
VINE
AMBI
0.820.210.810.00.520.76
AMBI
UVV
WEST
LNZA
NWMH
SAM
VINE
AMBI
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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
LNZAUVV
AMBIUVV
AMBILNZA
VINELNZA
AMBIVINE
VINEUVV
  
High negative correlations   
AMBINWMH
VINENWMH
SAMNWMH
NWMHLNZA
NWMHWEST
NWMHUVV

Risk-Adjusted Indicators

There is a big difference between Coca Stock performing well and Coca Cola Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Coca Cola's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.